Gold slips to $4,640 after $4,696 high
Gold slipped $10.99 to $4,640.42, off a $4,696.19 high, as Reuters, FXStreet and KITCO headlines focused on Fed risks and profit-taking.
By the evening close, the supplied price data showed spot gold at $4,640.42 per troy ounce, down $10.99, or 0.24%, from the previous close of $4,651.41. The session range ran from $4,606.59 to $4,696.19, leaving gold well off the high but above the low. Silver also softened to $68.63, down 0.40%, and the gold/silver ratio stood at 67.6.
Continued from the morning edition of 25 August 2026. Prices below are frozen at publication — the live gold price has the current figure, and this guide covers what tends to move it.
Pullback from the three-month high
The evening move turned earlier strength into a retreat from the top of the range. BusinessToday Malaysia said gold hit a three-month high as the rally continued, but FXStreet reported that gold lost ground after nearing the $4,700 mark. KITCO described gold as slipping from a three-month high and later said profit-taking followed the rally, while TradingNEWS said XAU/USD rejected a three-month high. KITCO also said the metal stayed under pressure as U.S. new home sales fell 10.5% in July.
- Gold Price Forecast — XAU/USD ($4,634) Rejects $4,696.98 3-Month High — $5,000 Target TradingNEWS
- Gold price remains under pressure as U.S. new home sales fall 10.5% in July KITCO
- Gold Hits Three Month High As Rally Continues BusinessToday Malaysia
- Gold loses ground after nearing the $4,700 mark, US PCE in focus FXStreet
- Gold slips from three-month high as Treasury buybacks, Iran risk frame trade - Kitco AM Report KITCO
- Gold slips on profit-taking after rally to over three-month high KITCO
Fed and inflation stay in focus
Rate headlines were the clearest pressure point. Reuters reported that Boston Fed's Collins said U.S. rates need to rise soon absent evidence of an ongoing drop in inflation. Yahoo! Finance Canada said Collins warned the FOMC may have to raise rates if inflation persists, while Traders Union and المتداول العربي carried similar headlines about the Federal Reserve signaling possible rate rises as inflation stays high. FXStreet said U.S. PCE was in focus as gold lost ground, and Bitcoin World framed PCE inflation and Fed signals as a key test for the rally.
- FOMC May Have to Raise Rates if Inflation Persists, Boston Fed's Collins Says Yahoo! Finance Canada
- The Federal Reserve hints at raising interest rates if inflation persists المتداول العربي
- U.S. Federal Reserve signals possible rate rise as inflation stays above target Traders Union
- US rates need to rise soon absent evidence of ongoing drop in inflation, Fed's Collins says Reuters
- Gold loses ground after nearing the $4,700 mark, US PCE in focus FXStreet
- Gold Rally Faces Key Test: PCE Inflation And Fed Signals In Focus Bitcoin World
Safe-haven and dollar themes remain
Several headlines still pointed to demand supports rather than a simple rates story. FXStreet, citing Commerzbank in its headline, said tariff conflict was fueling a safe-haven bid. The Guardian said gold hit a three-month high amid fears over Iran war and the Trump economy, and KITCO's AM report said Iran risk framed trade. Pluang said gold and Bitcoin rallied amid dollar weakness while questioning the longer-term debasement-trade narrative. Ad-hoc-news.de linked the rally to record central-bank hoarding and a softer dollar, while Global Times said China was building a global gold network to boost the yuan's role.
- Gold and Bitcoin rally amid dollar weakness but differ over longer terms, challenging the 'debasement trade' narrative. Pluang
- China builds global gold network, boosts yuan’s international role: report Global Times
- Gold slips from three-month high as Treasury buybacks, Iran risk frame trade - Kitco AM Report KITCO
- Gold: Tariff conflict fuels safe haven bid – Commerzbank FXStreet
- Gold's Rally Now Rests on an Unusual Alliance: Record Central Bank Hoarding and a Softer Dollar - Ad-hoc-news.de Ad-hoc-news.de
- Gold price hits three-month high amid fears over Iran war and Trump economy The Guardian
Flows and silver add context
Flows and silver added cross-market context. TradingView reported that a gold ETF led inflows as investors pulled billions from mega-cap ETFs in one day, and Traders Union said a record single-day gold ETF inflow supported the gold price near a support level. USAGOLD said physical gold eased from a three-month high as silver slipped ahead of PCE; by the supplied price data, spot silver ended at $68.63, down 0.40%, with the gold/silver ratio at 67.6. TradingView also reported a local-market move in which gold rose while silver declined.
- Physical Gold Eases from a Three-Month High as Silver Slips Below $68 Ahead of PCE usagold.com
- Gold price rises Rs 2,700 as rally enters fourth session, silver declines by Rs 3,500 TradingView
- QUICK SPARK: Gold ETF Leads Inflows as Investors Pull Billions From Mega-Cap ETFs in One Day TradingView
- Record single-day gold ETF inflow supports gold price near $4,596 support Traders Union
What to watch
- U.S. PCE headlines cited by FXStreet, USAGOLD and Bitcoin World.
- Further Fed-rate language after Reuters and Yahoo! Finance Canada reported Collins's comments.
- Whether ETF-flow headlines from TradingView and Traders Union remain supportive.
Gold price on 25 August 2026
| Spot gold | USD / oz | Change on previous close |
|---|---|---|
| Previous close | $4,651.41 | |
| Morning edition, | $4,640.23 | −$11.18 · −0.24% |
| Evening edition, (this page) | $4,640.42 | −$10.99 · −0.24% |
| Close | $4,659.70 | +$8.29 · +0.18% |
Prices from XAUTicker, frozen when each edition was published. The close is the previous close XAUTicker reported at the start of the next session, recorded by the morning edition of 26 August 2026.